Simulations Plus Inc reports results for the quarter ended in November - Earnings Summary

Simulations Plus

03/01/2024 22:02

* Simulations Plus Inc  SLP.OQ  reported quarterly adjusted
earnings of 10 cents​​ per share for the quarter ended in
November, higher than the same quarter last year, when the
company reported EPS of 6 cents.  The mean expectation of
three analysts for the quarter was for earnings of 10 cents per
share. Wall Street expected results to range from 5 cents to 14
cents per share.
    * Revenue rose 21.2% to $14.50 million from a year ago;
analysts
expected $13.92 million. 
    * Simulations Plus Inc's reported EPS for the quarter was 10
cents​.
    * The company reported quarterly net income of $1.95
million.
    * Simulations Plus Inc shares had fallen by 0.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 3 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the advanced
medical
equipment & technology peer group is also "strong buy"

Wall Street's median 12-month price target for Simulations Plus
Inc is $55.00 
This summary was machine generated from LSEG data January 3 at
10:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Nov. 30 2023      0.10           0.10           Met
 Aug. 31 2023      0.18           0.02           Missed
 May. 31 2023      0.20           0.20           Met
 Feb. 28 2023      0.18           0.20           Beat